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EU Pig Prices: Price Increase Likely to Take Place

EU - This week, the European slaughter pig market appears to be overall balanced.

Mostly manageable quantities of slaughter pigs are meeting calm meat markets in most of the EU member countries. Therefore, the majority of quotations are moving remain constant.

Positive focus is currently set by the Danes and the Belgians. The Danish quotation is going up moderately again, for the third time in a row. Thus, they now rank second in the European price structure from among the five member countries that stand out in pig keeping. The Belgian quotation is also witnessing an ever-so-slight price increase.

It is imperative that the French come to terms with moderate downward price corrections because of numerous public holidays celebrated during the month of May. However, and despite the most recent price correction carried out in France, prices are expected to increase there as well in the medium term.

Trend for the German market:

The atmosphere proves to be friendly and full of hope on the domestic market at the beginning of the week. At last, a weekend now lies behind us where the weather has been more than suitable for barbecuing thereby making the the meat market finally feel the long-awaited impulse. The purchasing side’s buying interest can be clearly noticed whereas the quantities of live animals on offer are scarce, which is no big surprise. From today’s point of view, it is likely that a price increase might take place.

Explanation1) corrected quotation: The official Quotations of the different countries are corrected, so that each quotation has the same base (conditions).2) These quotations are based on the correction formulas applied since 01.08.2010.base: 57 per cent lean-meat-percentage; farm-gate-price; 79 per cent killing-out-percentage, without value-added-tax